Advance Loan

Once you have logged into Trustworks, click Assets and Liabilities. Left click on "I would like to ..." which is located on the right of the screen. Under "Other Transactions" select "Advance loan"

This page follows "Add a loan advance", click here for further details

Before you 'Advance Loan' to a person you need the following 

  • Add a new bank account, click here to setup a new account. Here you will need to setup both a 'Bank Loan' and 'Transaction Account'

If you do not have any bank account setup in Trustworks you will get the following error. 

Advance some money

Advance to which account? In this example we have selected "Loan to Bobby Jones"

How much is being advanced? Enter the loan amount. e.g $35000

Coming from into? Select the account for payment

Date of advance? Select the date

Any additional details

Click Create

Account transactions - Loans / Gifting

Reports - Loan Advances

This page precedes "Recover loan", click here for the details to Recover loan.


Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request


Please sign in to leave a comment.
Powered by Zendesk